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Rex Energy Second Quarter 2015 Results
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Rex Energy Corporation announced its second quarter 2015 operational and financial results.
Tom Stabley, President and Chief Executive Officer of Rex Energy, said: "We remain steadfast in our strategy to navigate through the current commodity price cycle. We have increased production, controlled costs and are divesting non-core assets. The team at Rex is implementing measures that are resulting in improved well performance while maintaining liquidity and financial discipline."
Operational Update Appalachian Basin Legacy Butler Operated AreaIn the Legacy Butler Operated Area, the company drilled four gross (2.5 net) wells in the second quarter of 2015, with four gross (1.4 net) wells fracture stimulated and four gross (2.1 net) wells placed into sales. The company had 11.0 gross (5.6 net)…
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